How do I invest in NFTs?

Published on May 5, 2023Updated on Apr 12, 20247 min read36

OKX NFT is your one-stop, multi-chain NFT trading platform. We gather listings and offers from a range of platforms. Our market works seamlessly for NFTs on 17 chains, including Ethereum, OKC, BSC, Polygon, and Aptos, among others. Users can trade and create NFT across OpenSea, Blur, LooksRare, and MagicEden. We're working on support for more markets.

Currently, OKX NFT Marketplace charges zero fee for trading NFTs. You can buy and sell NFTs at better prices on OpenSea, LooksRare, Magic Eden, and other platforms simultaneously. Our aggregator brings in rich liquidity to maximize your profits.

OKX NFT brings together many esteemed artists, game developers, creators, and NFT enthusiasts to create and trade NFTs. The platform features 5 tools for you to make the most out of NFTs, which are:

  • Crypto: for P2P trade, all at your own price;
  • Ordinals: One-stop hub for trading and inscribing BRC-20 and BTC NFTs;
  • Marketplace: place offers or listings on NFT across several markets and blockchains. OKX NFT supports over 17 blockchains, including Ethereum, OKC, BSC, and Polygon;
  • Rankings: similar to stats — access real-time, comprehensive on-chain data to help users gain insights into market trends.
  • Launchpad: launch your projects on OKX's NFT initial offering platform;

How to invest in NFTs and get benefits?

Mainly there are two ways: join NFT mints, or buy and sell NFTs on the secondary market.

Participate in NFT minting

Look for quality NFT projects and join their initial mints. Waiting for the NFTs to appreciate in value, and sell them for a profit. Look at the project's history, community engagement, and other metrics. Assess its potential before making your investment decisions. Follow these simple steps:

Step 1: Mint NFTs

  1. If you already own a wallet, connect it to the NFT project website. You can also create a non-custodial wallet through OKX Web3 Wallet, MetaMask, etc.
    Note: Double check the signature message and be on alert against any scams. Make sure you've enough crypto assets (such as ETH) in your wallet to cover mint and transaction costs.
    CT-mintnft-web-1Connect your wallet first before proceeding

  2. Select Mint button on the official website of the NFT project. Follow the prompts on the page to complete the mint. It usually requires you to enter the NFT quantity, pay the transaction fee, and confirm the payment.
    CT-mintnft-web-2Search for the mint button to complete the minting process

After the transaction is complete, your NFTs will show up in your wallet shortly. Please keep your private key and secret recovery phrases secure to keep your NFTs safe.

Step 2: Sell the NFT when its value goes up
To sell an NFT, visit Dashboard > NFT > Collected. Select the NFT you want to sell, and visit its page. Then list the item for sale, follow the prompts, and wait for the transaction to complete.
CT-investnft-web-2Select Collected to view your NFT collection
CT-investnft-web-3Select Sell to start the selling process

For NFTs by individual customers, we'll review them before other customers can trade them. On the secondary market, however, people can freely trade NFTs with no limits.

On OKX NFT, you can list NFTs in a range of markets. Select the markets you want to list NFTs on. Set the expiration time. You can set different prices for the same NFT on different markets. You can also apply for the same price.
CT-investnft-web-4Decide on the NFT market, selling duration and unit price

When you list NFTs for sale, you may need to pay gas fees, service fees, and royalties. Regularly, NFT markets may charge some service fees for NFT trading. But OKX charges no service fees.

The creator may collect a royalty fee. Plus, the contract creator may also alter the royalty rate in the future. Confirm your transaction and the payment will go through shortly. To learn more, visit here.

Secondary market trading NFT

Step 1: Buy NFTs on OKX NFT Market.
Select Marketplace > NFT Market > Explore. You can search or filter your favorite NFTs. OKX NFT Market NFT supports bidding auctions and direct purchases.
CT-investnft-web-7Search for your favourite NFT under the Explore section
CT-investnft-web-6Select Buy to kickstart the NFT purchasing process
CT-investnft-web-8Pop up box with the purchasing details of an NFT
CT-investnft-web-9Add the NFTs to the shopping cart and purchase all of it in one go

OKX has an exclusive feature: on networks such as Ethereum, OKTC, BSC, you can add several NFTs to the shopping cart, and buy them in one go to save network fees.

Step 2: Sell the NFT when its value goes up
To sell an NFT, visit Dashboard > NFT > My Collected. Select the NFT you want to sell, and visit its page. Then list the item for sale, follow the prompts, and wait for the transaction to be confirmed. Learn more here.

Any other tips on NFT investment?

  1. Be aware of risks: the value of NFTs may go like a rollercoaster, subject to factors such as market trends, technological advancements, and changes in regulations. When investing in NFTs, please pay attention to market risks and assess your risk tolerance. Invest within your budget.
  2. DYOR: before investing in any NFT, research the creators, artwork, and any implied utility, royalty fees, and so on.
  3. Think about project potential value: some NFTs, such as rare collectibles or limited edition artworks, may appreciate in terms of value over time. Consider their potential value when making your investment decisions.
  4. Consider tax issues: in many countries, NFTs are taxable on capital gains. Before investing in an NFT, make sure you understand the tax policies of your country or region.